Odeon Turizm İşletmeciliği A.Ş., a subsidiary of Coral Travel Group and a major player in Türkiye’s destination management sector, has officially initiated its initial public offering (IPO) process. The company has applied to the Capital Markets Board of Türkiye (SPK) for approval to amend its articles of association and transition to a registered capital system, in line with capital market regulations.
A strategic step toward growth
The IPO marks a significant milestone not only in Odeon’s corporate development but also in its national and international growth ambitions. In a statement, the company emphasized that the public offering is expected to enhance financial transparency, boost investor confidence, and support the establishment of a sustainable corporate structure.
Ayhan Bektaş, Chairman of Coral Travel Group, commented:
“The IPO of Odeon Tourism is more than a financial step; it reflects our commitment to sustainable growth, transparency, and institutionalization. We sincerely believe this move will add value to both capital markets and the future of the Turkish tourism sector.”
A diversified portfolio
Under Odeon Turizm’s umbrella are several subsidiaries:
• Otium Hotel Management, which owns Seven Seas Life and Marvida Family Eco hotels
• Coral Seyahat A.Ş., operating in Turkey's tour operator segment
• Odeon Security, providing security and consulting services
Founded in Antalya in 1992, Odeon Turizm offers a wide range of services, including accommodation, transfers, tour guiding, event organization, and corporate travel services in key tourist destinations across Türkiye.
Its parent company, Coral Travel Group, operates globally across markets including Russia, Europe, Egypt, and Thailand, making Odeon a strategically positioned asset in the group’s international tourism network.
